For those Philadelphians who have jobs, where do they work?
The Center City District released a report today that looks at employment in the city broken down by Council district. The report shows that 190,773 Philadelphians travel to the suburbs for work because the city’s four major areas of employment: Center City, University City, Temple University and the Navy Yard are not “large enough or expanding fast enough.”
Philadelphia’s “dependency on wage and business taxes disproportionately pushes mobile office tenants and entrepreneurs to lower cost suburbs,” according to the report, which adds that Philadelphia does not tax too much, but taxes the wrong things.
Of local tax revenue, 66 percent is from “highly mobile wages and profits.” In comparison to other cities, similar taxes in New York City make-up 34 percent of tax revenue, in Washington, D.C., its 35 percent.